You have not considered the number of employees in each department before calculating the average. It's going to be end of mine day, but before finish I am reading this Our goal is to help you work faster in Excel. The weighted average cost of capital (WACC) is a financial metric that shows what the total cost of capita l (the interest rate paid on funds used for financing operations) is … Can you explain your request maybe with an example? I am not sure I understand this question. 1 WEAK 123           NY Omel             1       OMEL      60%            $4.50 Please share your ideas / tips using comments. 1 WEAK, 1.45% Assuming your data is in A1:G7 useful, but please change the $330k to $303k in the text. That I need to change my formula from Sumproduct to Sumif. I need to calculate the weighted average yield only on the filtered assets (which total well below the $2.5 billion). I'm essentially trying to see if the price is trending upwards, estimating the price based on more recent sales data and working out if the difference between most recent price ($5.00) and projected price (?.??) That actually gives me a #DIV/0! For example, we could use a weight of 1 for the first two tests and a weight of 2 for the final (since the final is twice as important) and the weighted average will be the same: In cell G5, the formula is solved like this: Note: the values in curly braces {} above are ranges expressed as arrays.   1080 Sec Trans 1080 47. There is no built-in formula in Excel to calculate weighted averages. 200 0.2 Code 393-287-6 84.0 85.0 66.0 74.0 There is no built-in formula in Excel to calculate weighted averages. @NM So, the correct average would be $76k as shown above. [related: Excel SUMPRODUCT Formula – what is it and how to use it?]. 391-273-8 69.0 74.0 81.0 74.0 Participants submit their evaluation of training content, process, and trainer(s) via Qualtrics. COLOR DIFF :   Can you ask the question in the Chandoo.org forums I need to create a formula that shows a weight average to rank the account 1-50. I use sumproduct to analyze training evaluations. Sum all of these products together; and 3. Weighted Average in Excel allows the user to provide the recommended or desired weights to each of the values available for which we want to calculate average. I need to calculate team attendance averages but some employees come late or even late which I think disturbs my average. And while taking average of prod/hr, means (302.61+333.21+384.51/3), I find an average value 340.11. acct 1 25 50 50% If dimensions are not compatible, SUMPRODUCT will return a #VALUE error. What you've done by summing the Production and dividing by the sum of the hrs is correct. I am wondering if I can use any function in excel to help me make a better purchase decision..... for example, if I am looking for a product (say, a laptop computer) and I go on a shopping website and I find out following information. IE 65.22% In statistic calculation, the weighted average is used more widely than the average function. 1. Do you mind show some light? If I sumproduct the Qty and the days =SUMPRODUCT(A2:A16,D2:D16)/SUM(A2:A16), Thanks Mr. Huitson, however need one clarity as to what should be the values in cells D2 to D16 ? 393-440-4 86.0 85.0 85.0 82.0 Sawyer, Curvin 1,536 236 4 60 299 The weighted average method stresses the importance of the final exam over the others. Here is an example: with the weighted change previously calculated. -300 0.3 393-181-6 76.0 69.0 58.0 70.0 30-Jun-11 1,600 25 1 BETTER As we mentioned, calculating weighted averages in Excel is particularly valuable for teachers and students, but they have far more uses than that. 200 0.2 Brilliant ! 25 days = 5% of spend Not Assigned Yet [weight]: .3. How do I do it? Avg Price, 4 Well, it is because, in some situations normal averages give in-correct picture. We’ll use the … =SUMPRODUCT((MOD(ROW(A1:A5),4)=1)*(A1:A5)*(B1:B5))/SUM((MOD(ROW(A1:A5),4)=1)*(A1:A5)) Ctrl Shift Enter 390-433-8 52.0 66.0 61.0 53.0 And how would you calculate the MEDIAN of a data set that is presented as values and frequencies? Hi, i need some help creating a weight average for some account under me. 48.79% How do I write a formula to show me the average of all 44 surveys? Also what is the weighting factor in your data ? So the test is out of 8 points total and there is 6 problems that are 1 point and 6 problems worth 0.5 points. But we have count of values. 30-Jun-11 1,600, Total 238,200 180.0 Refer: http://chandoo.org/forums/topic/posting-a-sample-workbook. 10           90             105 =441 things per day In this example, in order to calculate the weighted average (overall grade), you multiply each grade by the corresponding percentage (converted to a decimal), add up the 5 products together, and divide that number by the sum of 5 weights: ((91*0.1)+ (65*0.15)+ (80*0.2)+ (73*0.25)+ (68*0.3)) / (0.1+0.15+0.2+0.25+0.3)=73.5 POLISH DIFF: 293 4 1 WAEK Formulas are the key to getting things done in Excel. 378        LA Omel               1                    15%             $6.20 Excel SUMPRODUCT Formula – what is it and how to use it? =25*0.80 + 1*0.15 + 1*0.05 Use Auto Fill to copy the formula in cell F17 into the range F18:F52. =90.33, ps: Sorry for the delay, I was traveling in April and obviously missed the post. Using the template I have created, it gives me a skewed result for grades up until the final score is entered at the end of the course. =SUMPRODUCT((MOD(ROW(A1:A5),4)=1)*(A1:A5)*(B1:B5))/SUMPRODUCT((MOD(ROW(A1:A5),4)=1)*(A1:A5)), or 60 days = 15% of spend. @Kian I have different payment terms for different vendors and am trying to figure out how to figure my average payment terms on a montly basis. 30.0% If you multiply 1658 (average) with 68 (quantity) you will get 112742 which not equals to the totals amount. 5-Jun-11 1,200 25.0 Total 1,197 180 08-Mar-11 1000 http://chandoo.org/forum/, Thank you for your interest in my question. Total 1,452 1,396, I understand the Delta Finding the Median Value: Enter the numbers you want to find the median for. eg: Add the resulting numbers together to find the weighted average. Assuming your data is in A1:B16 the weighted average is: =SUMPRODUCT(A2:A16,B2:B16)/SUM(A2:A16). i would like to know how can i use weighted average for statistical data analysis. If I was the CEO of ACME.... Coyote would be armored like Iron Man !!! 393-254-4 90.0 76.0 91.0 71.0 Using the normal average where we calculate the sum and divide it by the number of variables, the average score would be 76%. SAME I don't know if I'm being clear on this, english is not my mother language, sorry. Read my story • FREE Excel tips book. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts. 8-Mar-11 1,000 66 SAME The SUMPRODUCT function requires that array dimensions be compatible. 256        CO Omel              1                    25%             $6.80 Another common usage of SUMPRODUCT in Excel is calculating a weighted average where each value is assigned a certain weight. Go ahead and download it to understand the formulas better. Need help calculating weighted average yield on assets. Do I need to create a separate column with the numbers 10,9,8,7,6 etc? Help? I have a question. 540 33 . Instead it should have more weighted as compared to other. or in other words, why you should  not calculate normal average? SAME 401 655 Hello Chandoo 17-Mar-11 1,500 9 390-299-8 55.0 56.0 47.0 65.0 Excel will look it up, so we can simply click on it and fill in the data. Actual If I sort your data by date 1 BETTER ), so I'm not able to group them in quantities for each category. Thanks so much! i need to find the weighted avg of the last 4 qtrs, for example: segment 1 in qtr 1 is 60%, qtr 2 at 63%, qtr 3 at 48% and qtr 4 at 43%, Hi. The average in column F is calculated for reference only with the AVERAGE function: In this example, the weights are configured to add up to 1, so the divisor is always 1, and the result is the value returned by SUMPRODUCT. You can use SUMPRODUCT formula. Is there a way to keep the AC1:AO1 part of the formula the same. For eg. 3.50 $393,235.39 3 100% $465,897.47 2 50% $ 4. The following example will demonstrate how to use Excel’s SUMPRODUCT and SUM functions to calculate a weighted average. 68.94 what grade is that? 8-Mar-11 1,000 9.0 For example, say Alex is mid way through the course and at this point, 60% of the total points for the course could be achieved. is more than 5%. isn't this wrong ? Please help, It is unclear what is in what column